Commercial Metals Company is a
steel and metal manufacturer headquartered in
Irving, Texas. The company operates four divisions: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill, with locations in the U.S., Europe and Asia.
In the United States, it owns 41 scrap metal recycling facilities with a total annual capacity of 4.9 million tons, six
electric arc furnace
An electric arc furnace (EAF) is a furnace that heats material by means of an electric arc.
Industrial arc furnaces range in size from small units of approximately one-tonne capacity (used in foundries for producing cast iron products) up to ...
mini mills and two
electric arc furnace
An electric arc furnace (EAF) is a furnace that heats material by means of an electric arc.
Industrial arc furnaces range in size from small units of approximately one-tonne capacity (used in foundries for producing cast iron products) up to ...
micro mills and two re-rolling mills with a total annual capacity of 5.4 million tons, and steel fabrication facilities with a total annual capacity of 2.4 million tons. In
Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populou ...
, it owns 12 scrap metal recycling facilities with a total annual capacity of 0.6 million tons, five steel fabrication facilities with a total annual capacity of 0.3 million tons, and a mini mill in
Zawiercie
Zawiercie is a city in the south of Poland located in the Silesian Voivodeship with 49,334 inhabitants (2019). It is situated in the Kraków-Częstochowa Upland near the source of the Warta River. The town lies near the historical region of Sile ...
with an annual capacity of 1.3 million tons.
[ A sixth facility is planned to open in ]West Virginia
West Virginia is a state in the Appalachian, Mid-Atlantic and Southeastern regions of the United States.The Census Bureau and the Association of American Geographers classify West Virginia as part of the Southern United States while the B ...
in 2025.
History
In 1915, Russian immigrant Jacob Feldman founded American Iron & Metal Company, a scrap trading company.
In 1994, it acquired Owen Steel Company in an $87 million transaction.
In 2002, the company sold its heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds. In June 2011, the company acquired G.A.M. Steel Pty. Ltd, based in Melbourne, Australia.
In November 2011, Carl Icahn
Carl Celian Icahn (; born February 16, 1936) is an American financier. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach. Icahn takes la ...
offered to buy the company for $15 per share, which the company rejected the following month. By January 2012, Icahn withdrew the offer for lack of shareholder support.
In October 2016, it acquired the steel fabrication business of Associated Steel Workers, Limited.
In August 2017, the company sold its CMC Cometals Division for $179 million.
In November 2018, the company acquired assets from Gerdau
Gerdau is the largest producer of long steel in the Americas, with steel mills in Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay and Venezuela. Currently, Gerdau has an installed capacity of 26 mill ...
for $600 million.
In 2022, Commercial Metals announced a new $450 million steel recycling plant to begin operating in Martinsburg, West Virginia
Martinsburg is a city in and the seat of Berkeley County, West Virginia, in the tip of the state's Eastern Panhandle region in the lower Shenandoah Valley. Its population was 18,835 in the 2021 census estimate, making it the largest city in the E ...
in 2025. The facility will manufacture construction rebar that will operate using green technology
Environmental technology (envirotech) or green technology (greentech), also known as ''clean technology'' (''cleantech''), is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic devic ...
."West Virginia announces $450M steel plant in Berkeley County"
''The Parkersburg News and Sentinel'', December 9, 2022.
See also
*
List of steel producers
This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. This list ranks steelmakers by volume of steel production in millions of tonnes and includes all steelmakers with product ...
References
External links
{{Authority control
Companies listed on the New York Stock Exchange
Manufacturing companies established in 1915
Steel companies of the United States
Manufacturing companies based in Irving, Texas
1915 establishments in Texas